The music industry made $43 billion in 2017, but artists only took away 12% of it It's a hard-knock life for musicians, who drive their industry in the first place. Related Posts: The Music Modernization Act unanimously passes, bringing considerable changes for both labels and artists UK music fests call for investigation into Live Nation’s ‘market dominance’
Spotify now boasts 83 million subscribers, reports second quarter loss New numbers show Spotify's ups and downs since going public earlier this year. Related Posts: Seven Mac Miller albums return to the Billboard 200 chart Spotify now allows independent artists to publish music directly to the platform, effectively bypassing distributors
Bitcoin technology could change the streaming industry forever A handful of new startups aim to apply Bitcoin's blockchain technology to music metadata ensures artists are paid royalties from even unauthorized streams. Related Posts: Malaa keeps things dark with sleek new underground club cut ‘Cash Money’ The Music Sounds Better With You creates a speed dating event based on personal music tastes
SoundCloud’s annual revenue up 43% to nearly $28 million According to data shared with'Digital Music News, SoundCloud's annual revenue is up 43% compared to last year Related Posts: SoundCloud introduces SoundCloud Weekly personalized playlist feature SoundCloud, Bacardi, and Major Lazer link for ‘Music Liberates Music’ initiative
Credit Suisse predicts that revenue from streaming services will increase sixfold from 2015 to 2020 The financial service company estimates that the global music industry will see revenue increase in 2016 for the first time since 1998 Related Posts: The music industry made $43 billion in 2017, but artists only took away 12% of it Spotify now boasts 83 million subscribers, reports second quarter loss
